Deals from FinancePlus India

Deals from FinancePlus India

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E-Commerce website in India – Recharge, Corporate Travel and much more

The Company a fast growing company providing web portal development, software development, e-branding and customized SMS solutions. It was founded in April 2009 as a proprietorship firm and obtained its Private limited status in Nov 2009 under the Companies act 1956. The Company is an ISO 9001:2008 certified company.
The Company mainly provides one stop solutions for clients helping them to attain their business goals with respect to all utilities such as travel, bill pay, recharge and much more.

The Company currently has five main Core areas of Business:
1. Martgem.com – (B2B) (Introduced only in FY 2014-15)
Works on a Franchise Model. Martgem.com is a B2B platform created with the aim of easy and fast distribution of e-services. Extended Business Support, Technological advancements, Single Wallet Solution, Multiple platform access, Wider range of services, Transparent Business Policies, etc are few USPs which obviously makes Martgem a preferred choice for channel partners. Services we sell includes Mobile Recharges / Top Ups, Air Tickets (Domestic / International ), Bus Tickets, PAN Card, DTH Sales etc. India’s first online platform to have Ticketing, recharges, Bill pay in a single portal.

3. Rechargeseva.com – (B2C)
Rechargeseva.com provides quality service in online Mobile Recharge for Prepaid, Postpaid, DTH, Data Card Recharge, Data Card Bill Payment, Landline Bill Payment, Online Smart Gas Booking, Insurance Bill Payment, Electricity Bill Payment etc.

4. Recharge – Distribution (B2B)
Sales of Recharge as Distributor to another Distributor Partner or a Retail Partner.

5. Messagewala.com (B2B)
Messagewala has been innovating its solutions to stand ahead in the market as leader. We offer integrated cloud communication solutions across the SMS, Voice & E-mail platform. The platform is integrated with unique innovations enabling the enterprises to access the services effortlessly.
The infrastructure is reliable and robust and have enabled to deliver the highest SLAs and service reliability, available in the market today. Messagewala serves as the backbone of communication system for more than 1000 enterprise customers.

Key Financial Indicators
(All info in USD Million)
Particulars FY 2012-13 FY 2013-14 FY 2014-15
(unaudited –
Projections)
Turnover 4.50 8.90 16.47
% increase 100% 97%
Gross Margin 2% 5% 9%
Net Margin 0.33% 1.4% 2-3%
The reason for lower margin is non-promotion capability of the retailer business. Increasing marketing strategies through help of PE funding like its competitors such as freecharge.com, paytm.com, makemytrip.com etc. and further adding on of travel sector (ticketing and Hotel bookings) would increase the margin substantially. It is to be noted all the above competitors and many more players are PE funded projects only.

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Grofers, An On-Demand Delivery Service For Indian Cities, Raises $10M From Sequoia And Tiger Global

TechCrunch
Large marketplaces like Flipkart, Snapdeal, and Amazon are benefitting as India turns into one of the world’s fastest-growing e-commerce markets, but many brick-and-mortar stores are missing out on the boom. A startup called Grofers wants to help local shops by not only providing them with a mobile platform for their inventory, but also facilitating on-demand delivery within 90 minutes.

Grofers’ business strategy is ambitious, but the startup just got a vote of confidence in the form of a $10 million series A round led by Sequoia Capital (a returning investor) and Tiger Global. This brings its total raised so far to $10.5 million.

Co-founder Albinder Dhindsa tells TechCrunch that the capital will allow the service, which is currently available in Delhi and Mumbai, to expand into more cities, with Bangalore first on the list. Grofers will also improve its technology to make it easier for merchants to upload and manage their goods.
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TinyOwl Lands $16M To Expand Its Food Delivery Service To 50 Cities In India

India-based food ordering service TinyOwl has raised a $16 million Series B round to fund an aggressive plan to reach 50 cities in the country, TechCrunch has learned. TinyOwl co-founder and CEO Harshvardhan Mandad disclosed details in an email to staff earlier this month. The company initially denied the round, but has since confirmed it to TechCrunch. The capital was provided by Matrix Partners and existing investors Sequoia Capital and Nexus Venture Partners. TinyOwl raised $1 million in August 2014. It added a $3 million Series A round in December.

It’s been public knowledge that TinyOwl was raising fresh funding. Last month, Mandad told VC Circle that he was in discussions over a $5 million raise. Perhaps spurred by increased competition, TinyOwl has taken on a lot more capital and raised its targets — VC Circle reported plans to expand to four new cities in the next six months — accordingly.

TinyOwl’s service allows customers to order take-out via its iOS and Android apps. It launched in March 2014 and is currently available in Mumbai only, however Mandad explained in the email that the aim is to take the service to over 50 cities in India before the end of the year. Another target, he wrote, is to pass 50,000 daily orders per day before the end of the year — that would be a big jump on its current daily order rate of 3,000-5,000.

The young startup has witnessed the competition intensify lately. Rocket Internet-backed Food Panda entered India via the acquisition of TastyKhana last year, and this month it snapped domestic rival Just East as part of a glut of global acquisitions. In addition, food discovery service Zomato — which has global reach and raised over $110 million from investors — will launch a food order service in India next month, and has allocated $50 million to build the business.
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Peer-To-Peer Rental Service NoBroker Grabs $3M To Battle India’s Property Brokers

NoBroker, a peer-to-peer property listings startup that wants to rid brokers from the rental process in India, has closed a $3 million Series A round to expand its service to more cities beyond Bombay and Bangalore.

SAIF Partners and Fulcrum Ventures participated in the round. The startup last year raised an undisclosed seed round from Saurabh Garg, an angel investor who co-founded the Four Fountains Spa chain.

The Bangalore-based startup wants to simplify the process of renting properties. It believes that a peer-to-peer model, facilitated by its site, can slice out property brokers — the kingpins who control rental deals and take a large slice of commission for matching landlord and tenant.
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Wooplr Lands $5 Million For Its Fashion Discovery Service In India

TechCrunch
Wooplr, a startup that is aiming to ignite social commerce in India, has closed a $5 million Series A funding round from Helion Ventures to expand its team and grow across the country.

Bangalore-based Wooplr started out as a social network for sharing fashion photos, but it has evolved into a discovery platform for fashion enthusiasts. It was founded in March 2013 by four ex-McAfee colleagues — Arjun Zacharia, Soumen Sarkar, Praveen Rajaretnam and Ankit Sabharwal — and previously raised a $225,000 seed round.

“We aim to deliver on the promise of social commerce — providing the right product, to the right user, at the right time,” Rajaretnam told TechCrunch in an interview.

Wooplr doesn’t let users buy items directly from its service (yet). Instead it lets users post pictures of their outfits, which are then surfaced and showcased to others, who are also given details of where they can go to buy them — both online and at offline outlets near them.
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India’s Stayzilla Raises $20M For Its Hybrid Hotel/Airbnb-Like Booking Service

Stayzilla, an India-based service that combines regular hotel bookings with short-term, Airbnb-style rentals, has announced a $20 million Series B round to grow its business.

The round, details of which leaked last week, was led by Nexus Venture Partners and existing investor Matrix Partners. Stayzilla, which was founded in 2010, nabbed an undisclosed Series A round in October 2013 having closed a $500,000 seed-round in 2012.

Stayzilla is an interesting beast. The overall focus is on letting users book accommodation across India for a stay of up to one month. The startup — which makes money via a varying rate of commission on each booking — initially went after traditional stays, such as hotels and guest houses, but hit a growth spurt when it eased up on how it managed ‘alternative’ accommodation selection — principally peer-to-peer rentals and homestays.
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Indian E-Commerce Marketplace ShopClues Lands $100M Round Led By Tiger Global

money cash There’s more funding for e-commerce companies in India today, after ShopClues — a startup that led the adoption of the marketplace model in the country — closed a $100 million Series D round. Read More

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Google Capital Invests in Indian Online Real Estate Startup CommonFloor

Wall Street Journal
An investment arm of search giant Google is betting that India’s online real estate market is set to boom.
Google Capital is providing fresh funding to CommonFloor, the Bangalore-based startup said in a statement Thursday. The amount of the investment was not disclosed.
CommonFloor, which launched in 2007 and has more than 1,000 employees, allows users to list and search for residential properties. The company says it is the biggest homes portal in the country of 1.2 billion people, with more than 500,000 listings across over 200 cities.
“The online real estate market in India is poised for tremendous growth,” David Lawee, a partner at Google Capital, said in the statement. CommonFloor’s chief executive, Sumit Jain, said the funds would be used to beef up the company’s platform.
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Delhi-Based Video Q&A Platform Frankly Raises $600,000 From Matrix Partners

TechCrunch
Remember VYou? The video Q&A platform saw more than a million answers posted and raised $3 million in funding before shutting its consumer site down in March 2013 due to lack of user engagement. Now a new startup called Frankly has launched with a similar premise. Currently in beta with a website and apps for Android and iOS, Frankly has secured seed funding of $600,000 from Matrix Partners.

Its founders, Nikunj Jain and Abhishek Gupta, hope that Frankly will have more success than VYou for two reasons. First, the startup is based in India and hopes to take advantage of the country’s fast-growing mobile penetration rate with this week’s launch of its mobile apps.

Secondly, Jain says that there isn’t a similar platform in India for people to connect with public figures, such as government officials. Delhi’s assembly elections are expected to take place next month, and representatives from all major parties have already signed up to take questions on Frankly.
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News Corp Buys India-Based Financial Planning Service BigDecisions.com

Fresh from making its first investment in India last month, News Corp has now completed its first acquisition in the country, buying financial planning service BigDecisions.com as Next Big What first reported.

The service is designed to be a one-stop-shop that uses data and algorithms to help consumers in India make better financial decisions, for example related to retirement, insurance, education and home ownership.

News Corp did not provide a price for the deal, which includes parent company FinDirect Services and follows its $30 million investment in real estate service PropTiger. In a statement that is indicative of News Corp’s startup focus in India, chief executive Robert Thomson said both deals are about using the power of data to help improve purchasing and financial decisions.

“Our latest investment builds on our abiding belief that a digital India needs more trusted, reliable and independent data. BigDecisions.com will help Indians make the most important decisions by using accurate information tailored to their personal needs,” Thomson said.
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